Global Food Prices and Business Cycle Dynamics in an Emerging Market

IWH Discussion Paper 15/2015

Posted: 20 Jul 2017

See all articles by Oliver Holtemöller

Oliver Holtemöller

Halle Institute for Economic Research; Martin Luther University Halle-Wittenberg

Sushanta Mallick

Queen Mary - University of London; Queen Mary University of London

Date Written: 2015

Abstract

This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate prices and food prices in India. To further analyze these empirical results, we specify a small open economy New-Keynesian model including oil and food prices and estimate it using observed data over the period from 1996Q2 to 2013Q2 by applying Bayesian estimation techniques.

Suggested Citation

Holtemöller, Oliver and Mallick, Sushanta and Mallick, Sushanta, Global Food Prices and Business Cycle Dynamics in an Emerging Market (2015). IWH Discussion Paper 15/2015, Available at SSRN: https://ssrn.com/abstract=3004425

Oliver Holtemöller (Contact Author)

Halle Institute for Economic Research ( email )

P.O. Box 11 03 61
Kleine Maerkerstrasse 8
D-06017 Halle, 06108
Germany

Martin Luther University Halle-Wittenberg ( email )

Halle-Wittenberg, Sachsen-Anhalt
Germany

Sushanta Mallick

Queen Mary - University of London ( email )

School of Business and Management
Mile End Road
London, England E1 4NS
United Kingdom
+44 20 7882 7447 (Phone)

HOME PAGE: http://skmallick.busman.qmul.ac.uk/

Queen Mary University of London ( email )

Mile End Rd
London, E1 4NS
United Kingdom
+44 20 7882 7447 (Phone)

HOME PAGE: http://skmallick.busman.qmul.ac.uk/

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
194
PlumX Metrics